# macroeconomics

(1)
Population: 250,000
Unemployed: 20,000
Labor Force Participation Rate: 80%
(a) How many people are in the labor force?
(b) What is the unemployment rate?

(2)
Not in the labor force: 125,000
Unemployed: 25,000
Employed: 100,000

What is the unemployment rate?

1. 👍 0
2. 👎 0
3. 👁 125
1. How many people are in the labor force and what is the unemployment rate?

1. 👍 0
2. 👎 0
posted by Mac
2. Assuming that the population includes only those people between 16 and 64, then 200,000 are working or actively looking for a job. The unemployment rate is 20,000 / 200,000 or 10%.

1. 👍 0
2. 👎 0
posted by Ms. Sue

## Similar Questions

1. ### Economics

Using the following information, calculate the unemployment rate for Workerland: population = 1,000,000 employed = 750,000 unemployed but seeking a job = 100,000 those not participating in the labor force = 150,000

asked by Dolly on December 6, 2017
2. ### Macroeconomics

Suppose the adult population is 200 million, the labor force is 160 million, and the number of employed persons is 140 million. What is the unemployment rate? What is the labor force participation rate? Suppose half of the

asked by Kerby on March 12, 2015
3. ### Macroeconomics

Calculating the unemployment rate given the labor force and the number of people unemployed: Unemployment rate = number of people unemployed/labor force However, why is the calculation different (according to how I had to do for

asked by Kid on September 20, 2018
4. ### math

im in sixth grade and im confused with this question.there are 44,000 people living in salem.(16,000~workers :2,000~preschoolers : 13,000~students : 4,000~retirees : 8,000~homemakers : 1,000~unemployed) *what fraction of the

asked by alicia on October 6, 2011
5. ### Economics

1. According to the data table below, what is the unemployment rate?: Total Population: 1,500 Population under 16 or institutionalised: 360 Not in the labor force: 450 Unemployed: 69 Workers with part-time work who want full-time:

asked by Wesley on July 13, 2016
6. ### math

need help in 1996, the civilian labor force of the united states included 127 million people, and 5% were unemployed. how many people in the cilvilian labor force were unemployed?

asked by laura on December 16, 2008
7. ### economics

The Bureau of Labor Statistics reported that in June 2004​, the labor force was 149.2149.2 million, employment was 140.7140.7 million, and the​ working-age population was 223.4223.4 million. Calculate the unemployment rate and

asked by pppp on October 25, 2018
8. ### Math

The labor force included 127 million people, and 5% were unemployed. How many people in the labor force were unemployed?

asked by Anonymous on March 2, 2010
9. ### statistics math

The unemployment rate is 5.8% (Bureau of Labor Statistics, April 3, 2003). Suppose that 100 employable people are selected randomly. 1)What is the probability that exactly six people are unemployed (to 4 decimals)? 2)What is the

asked by aaron on October 18, 2009
10. ### math

A town now has a population of 300,000 people and an annual growth rate of 4.5%. If this rate continues, in how many years will the population be more than 500,000 people?

asked by Gio on May 2, 2010

More Similar Questions